Equally, Russia has only taken on very modest
obligations under the Paris Agreement, pledging to keep CO2 emissions at no more than 70 percent of
their level in 1990. The country could achieve that goal without making any effort at all, according
to Anna Romanovskaya, director of the Institute of Global Climate and Ecology at the Russian Academy
of Sciences. Such conservative goals create no incentives for the Russian government to take even
elementary measures, such as protecting against forest fires, soil conservation, and modernizing
Russia's inaction on climate issues could lead to new problems in its
relationship with the EU. The Green Deal, for example, envisages the introduction of an EU carbon
border tax, which alarms Russian exporters.
It hasn't yet been decided how exactly the tax
will be calculated, but in theory, the figure will depend on the volume of emissions caused by the
production of the goods in question. Oil processing, for example, uses energy produced by
CO2-generating coal power plants.
The carbon tax on imports should even up the rules of the
game for European and foreign manufacturers, and provide a stimulus for foreign companies to reduce
their CO2 emissions. The tax will have the biggest impact on the price of oil, coal, and gas being
supplied to the EU, causing price increases upon crossing the EU border. Which companies will pay
the carbon tax and whether they will be able to avoid it and how will only become clear after
consultations with the EU.
Russian companies naturally do not welcome the tax, since at
home there are no such incentives to cut emissions. The EU's response is that the new tax can be
avoided if other countries also introduce analogous environmental standards.